Stocks rebound on DSE, CSE after sharp fall

 
Stocks rebounded on Monday at both the Dhaka and Chittagong bourses following a steep fall in the previous session, although most listed companies still saw price declines.

At the Dhaka Stock Exchange (DSE), the benchmark DSEX index rose by 10 points, while the blue-chip DS30 index gained 9 points. The Shariah-based DSES index, however, remained unchanged, according to UNB report. 

Despite the index rise, market breadth stayed negative, with 172 issues declining against 149 gainers, while 68 remained unchanged.

Turnover at the DSE dropped to Tk 470 crore, down from Tk 511 crore in the previous session.

In the block market, shares worth Tk 38 crore from 32 companies were traded, with GQ Ball Pen Industries Ltd leading the turnover chart with Tk 7 crore.

Bangladesh Autocars Ltd topped the gainers' list with nearly 9 percent price appreciation, while Prime Finance and Investment Ltd was the worst loser, shedding around 9.5 percent.

The Chittagong Stock Exchange (CSE) also ended higher, with its benchmark CASPI index gaining 8 points.